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Doctors aren't going to quit because you don't spend a few 100k to go to medical school to become a tax accountant. Doctors will stay doctors but there is a real threat of fewer doctors choosing to become family physicians because they make about 120k per year, which is significantly less than...

I wouldn't call what we're about to go through an economic collapse but life as we know it is going to change drastically. The state I live in plans to cut 400 state troopers and 16,000 teachers. More public employees will be sure to follow. Unemployment is likely to stay high until the...

Ahhh....that dreaded Efficient Market Hypothesis rears its ugly head again :p

A 2 point stop on every trade with the same size on each trade will lead to failure. Randomness guarantees it. Traders fail to recognize that the market is more random than not and one of the most important tools to battle randomness is position sizing.

While that may be true it doesn't change the fact that the US has to acquire increasing amounts of debt to pay for social plans like Medicare, Social Security, and now National Health Care. Since Congress raided and depleted social security the only way to keep the program alive is to raise...

That came with a price tag containing many zeros :D

The Health Care bill is going to ruin the health of Americans. Sorry, I couldn't help my fucking self :mad: :D

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The US will do what Germany did before WWII -- hyperinflate the currency to pay down the debt and all the social liabilities it has will be cut, including the new health care plan coming down the pipe. Imagine hyperinflation and massive cuts in your social security checks. That's what is...

Fructose is the metabolic equivalent of poison because of the insulin shock it generates on your body. You don't have read any further than that word to know this is a concoction of death.

What is so difficult to understand? Russia drills in the Gulf and pumps out 100 Trillion barrels. Twenty years from now cars run on a little box that requires no oil and produces no or little emissions. All of a sudden those barrels of oil aren't worth so much. The world is heading in a...

Baloney. The US has always been the world leader in innovation. Why would you expect energy to be any different. Obama is doing the right thing by looking to alternative sources of energy whether Climate Change exists or not. Google "Bloom Box." That's just the beginning. These things...

You have to remember that this financial crisis didn't happen by accident or by ignorance. You don't think Goldman knew what they were doing when they went to AIG and asked them to insure garbage? The numbers are something a junior analyst out of a Tier III school could have recognized as...

The entire monetary system is falling apart at the seams. No worries though. The New World Order will take care of everything. Imagine Goldman Sachs as the central investment bank of the world. That's what's coming down the pipe. This entire collapse has been orchestrated. None of this...

You have to understand that the tail wags the dog. The banks control the Government, not the other way around. Congress and the President didn't make the decision to bail out the banks. That all happened in a bank's conference room somewhere. How many former GS exec's are in positions in...

The only reason the US hasn't collapsed already is because the dollar is still the reserve currency. The states in the US can't print money like the Federal Government does so they are forced to cut spending, which has already begun. The Federal Government will be forced to cut spending in the...

The US is following the same path as Rome almost verbatim with the biggest factors being a over-extended military, excessive interest on the debt, and heavy social programs. The state I live in is already making cut backs on bus and train services and plans to lay off 16,000 teachers. The fall...

Exactly! When he found something he wanted to buy he took cash from Berkshire and bought the stock. If there was no stock to buy the surplus cash sat on Berkshire's balance sheet. Buffett is a good investor but he is an even better businessman. He will go down as one of the best investors of...

You are completely missing the point. I have managed a hedge fund and I know full well what idle cash can do to a performance. If you're 80% invested, for example, and the market is heading higher that 20% sitting around doing nothing will wreak havoc on your performance numbers. Buffett...

Not exactly. Think about it this way. You manage a mutual fund with $1B in assets. You hold positions in 20 stock and you think the market is overvalued so you keep some free cash idle to take advantage of those stocks that fall if the market falls. In the meantime, your performance has been...